What are some of causes of this increase in demand for compact disks? | |
Over the past decade, the demand for CDs has dramatically increased. According to supply and demand theory, price should rise when demand increases. However, in recent years the average price of a CD has actually fallen.
Can you explain this apparent contradiction between the theory and fact.
Answers:
1The cause of increase demand is that Cd's are easy to handle and very cheap.We can take a lot of information in the Cd's.Programs Cd's,games Cd's,learning Cd's,movie and song Cd's they has influenced in our technical life a lot and proved as the best instrument.Some exceptions are applied in each and every theory.Our a past few decades technical revolution led to a very heavy competition.Not just Cd's the price of all electronics and automobiles have been decreased such as TV,Mobile,Bikes.If companies want to be in the market they follow some policies like cheap rates,better qualities and good advertisements.
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